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Wireless Door Lock System Market

Global Wireless Door Lock System Market Growth, Forecast: By Component: Hardware, Software; By Connectivity: Scanners, Locks, Transceivers, Batteries, Others; By End Use: Commercial, Government, Industrial, Residential, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Wireless Door Lock System Market Outlook

The global wireless door lock system market reached a value of about USD 1.32 billion in 2023. The industry is further expected to grow at a CAGR of about 9% in the forecast period of 2024-2032 to reach a value of around USD 2.87 billion by 2032.   

 

Global Wireless Door Lock System Market

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North America Leading the Wireless Door Lock System Market

North America is expected to lead the global for wireless door lock systems due to growing expenditures on smart automation technologies and the presence of advanced security infrastructure. Businesses in the United States are now using smart and secure wireless locks to automatically lock or unlock classrooms, lecture halls, operating rooms, hotel rooms, laboratories, and storage facilities to enhance security. Asia Pacific is emerging as the fastest-growing area due to the increasing adoption of a wireless door lock system in response to growing smart home markets and rapid economic development.

 

Wireless Door Lock System: Market Segmentation

Wireless door locks are devices used to lock and unlock doors without the need for electrical wiring. They are normally operated by internal battery support systems.

 

Global Wireless Door Lock System Market  By End Use

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Based on component, the industry can be divided as follows:

  • Hardware
  • Software

The connectivity can be segmented as follows:

  • Scanners
  • Locks
  • Transceivers
  • Batteries
  • Others

It finds end-uses in the following sectors:

  • Commercial
  • Government
  • Industrial
  • Residential
  • Others

The regional markets for wireless door lock system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Wireless Door Lock System Market  By Region

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Rising Demand for Smart Homes Bolstering the Market Growth

The demand for smart homes has risen dramatically in developed regions over the last five years due to the growing usage of smartphones and other smart devices. Residential protection is a big concern for people living in multi-family apartments. Smart home solutions include sophisticated security technologies such as security alarms, sensors, electronic locks, and cameras, along with other smart features. People are embracing systems with advanced security features integrated in their smart homes and seeing them as a value-added service for improved quality of life. These factors enable electronic lock vendors to innovate in their lock solutions, which in turn stimulate the growth of the wireless door lock industry.

 

Key Industry Players in the Global Wireless Door Lock System Market

The report gives a detailed analysis of the following key players in the global wireless door lock system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Johnson Controls Plc
  • Hanman International Pte Ltd
  • Godrej & Boyce Manufacturing Company Limited
  • SentriLock, LLC
  • Honeywell International Inc.
  • Centurion Systems
  • SALTO System
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Connectivity
  • End Use
  • Region
Breakup by Component
  • Hardware
  • Software
Breakup by Connectivity
  • Scanners
  • Locks
  • Transceivers
  • Batteries
  • Others
Breakup by End Use
  • Commercial
  • Government
  • Industrial
  • Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Johnson Controls Plc
  • Hanman International Pte Ltd
  • Godrej & Boyce Manufacturing Company Limited
  • SentriLock, LLC
  • Honeywell International Inc.
  • Centurion Systems
  • SALTO System
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wireless Door Lock System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wireless Door Lock System Historical Market (2018-2023) 
    8.3    Global Wireless Door Lock System Market Forecast (2024-2032)
    8.4    Global Wireless Door Lock System Market by Component
        8.4.1    Hardware
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Software
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Wireless Door Lock System Market by Connectivity
        8.5.1    Scanners
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Locks
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Transceivers
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Batteries
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Wireless Door Lock System Market by End Use
        8.6.1    Commercial
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Government
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Industrial
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Residential
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others 
    8.7    Global Wireless Door Lock System Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Wireless Door Lock System Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Wireless Door Lock System Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Wireless Door Lock System Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America  Wireless Door Lock System Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Wireless Door Lock System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Johnson Controls Plc
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Hanman International Pte Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Godrej & Boyce Manufacturing Company Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    SentriLock, LLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Honeywell International Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Centurion Systems
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    SALTO System
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Wireless Door Lock System Historical Market: Breakup by Component (USD Billion), 2018-2023
2.    Global Wireless Door Lock System Market Forecast: Breakup by Component (USD Billion), 2024-2032
3.    Global Wireless Door Lock System Historical Market: Breakup by Connectivity (USD Billion), 2018-2023
4.    Global Wireless Door Lock System Market Forecast: Breakup by Connectivity (USD Billion), 2024-2032
5.    Global Wireless Door Lock System Historical Market: Breakup by End Use (USD Billion), 2018-2023
6.    Global Wireless Door Lock System Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7.    Global Wireless Door Lock System Historical Market: Breakup by Region (USD Billion), 2018-2023
8.    Global Wireless Door Lock System Market Forecast: Breakup by Region (USD Billion), 2024-2032
9.    North America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
10.    North America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
11.    Europe Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
12.    Europe Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
13.    Asia Pacific Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
14.    Asia Pacific Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
15.    Latin America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
16.    Latin America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
17.    Middle East and Africa Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
18.    Middle East and Africa Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
19.    Global Wireless Door Lock System Market Structure

Key Questions Answered in the Report

The market reached a value of USD 1.32 billion in 2023. 

The market is projected to grow at a CAGR of 9% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 2.87 billion by 2032. 

The market is being driven by factors like changing lifestyles of the consumers and the rising penetration of smartphones.

The increased demand for residential protection and the rising adoption of smart homes are the key trends in the market. 

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The components of wireless door lock systems are hardware and software.

The various connectivities include scanners, locks, transceivers, and batteries, among others.

The various end uses for the market are commercial, government, industrial, and residential, among others.

The key players in the global wireless door lock system market are Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, and SALTO System, among others.

Analyst Review

The global wireless door lock system market attained a value of USD 1.32 billion in 2023 driven by the changing lifestyles of the consumers. Aided by the rising use of smart homes, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9%. The industry is projected to reach USD 2.87 billion by 2032.   

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. By component, the market can be divided into hardware and software. Based on its connectivity type, the global market for wireless door lock system can be segmented into scanners, locks, transceivers, and batteries, among others. On the basis of end use, the global industry can be divided into commercial, government, industrial, and residential, among others. The major regional markets for wireless door lock system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, and SALTO System, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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